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Sonic R. System

  • #13,041
  • Jun 29, 2010 11:27pm Jun 29, 2010 11:27pm
Quoting SharnHoiste
The fundmentals today is not good too, maybe like yesterday.

Shanghai, Hong Kong, Tokyo Index is down like yesterday.

After europe and NY opens, the stock may give pressure to EU too.

What do you think?
The range is down almost 100 pips from two weeks ago. So, if the asian session has put in the low for the day, and PA just works its way up to the top of the range, it still won't be an outstanding day.

What with the high activity at the lows yesterday, it seems unlikely PA can be forced lower today. If so, then the question becomes will PA reach the range high, or will it be saddled into a smaller range with the bottom at the lows of yesterday....becoming another day that serves to further reduce the average range.
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  • #13,042
  • Jun 30, 2010 3:03am Jun 30, 2010 3:03am
Anyone in on anything? I cant see a clear entry...
  • #13,043
  • Jun 30, 2010 5:06am Jun 30, 2010 5:06am
Quoting ozzieb88
Anyone in on anything? I cant see a clear entry...
Not me ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,044
  • Edited 6:05am Jun 30, 2010 5:48am | Edited 6:05am
Closed 1/2 at 50pips and moved to BE+spread

Any comments are welcome

Many many thanks to Sonic, Basber, Tah, DD, Mohammed and all the other traders who make this system great

One question, is my view of the L, H, HL, HH too wide or maybe even wrong altogether?

Regards,
Chantal
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  • #13,045
  • Jun 30, 2010 7:24am Jun 30, 2010 7:24am
Quoting Chantalb
Closed 1/2 at 50pips and moved to BE+spread

Any comments are welcome

Many many thanks to Sonic, Basber, Tah, DD, Mohammed and all the other traders who make this system great

One question, is my view of the L, H, HL, HH too wide or maybe even wrong altogether?

Regards,
Chantal
You're welcome Chantal

Wider the waves, better they are. Very good entry. I had an eye on it, I didn't enter it because of the low volume before my entry point ... Now I'm long on U/J ... Can't attach the pic because I'm not at pc. will attach it later, if I remember

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,046
  • Jun 30, 2010 7:26am Jun 30, 2010 7:26am
Quoting Basber
You're welcome Chantal

Wider the waves, better they are. Very good entry. I had an eye on it, I didn't enter it because of the low volume before my entry point ... Now I'm long on U/J ... Can't attach the pic because I'm not at pc. will attach it later, if I remember

Regards,
Basber
hope you had a large stop... otherwise you have been wiped out with that news!
  • #13,047
  • Jun 30, 2010 7:56am Jun 30, 2010 7:56am
Quoting ozzieb88
hope you had a large stop... otherwise you have been wiped out with that news!
Yes I had a large stop because of the news. And I'm still in the trade.

In few minutes, I'll tighten my SL.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,048
  • Jun 30, 2010 8:53am Jun 30, 2010 8:53am
Win or Lose
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  • #13,049
  • Jun 30, 2010 9:39am Jun 30, 2010 9:39am
I had to take care of something in town, got back to see that my initial trade was stopped at BE+spread. I prefer that than giving back the profits I had already booked. Had I been by my pc I would have def managed the trade much better and still be in profit right now .... It's ok though I'll survive this

In the attached chart blue TL is 50 pips profit and green TL is BE.

Basber I feel like I'm back to 5th grade when I used to get little colored stars glued on to my classwork notebook… That’s refreshing!
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  • #13,050
  • Jun 30, 2010 10:36am Jun 30, 2010 10:36am
Pls will any one be kind enough to give the most current version of the Sonic system
  • #13,051
  • Jun 30, 2010 1:02pm Jun 30, 2010 1:02pm
Quoting zecco
Pls will any one be kind enough to give the most current version of the Sonic system
Download version 3 from the first post. Lately some traders, including sonicdeejay himself, eliminated QQE & CCI for more clear chart. the bone of the system have not changed from the beginning. We are trading with S&R and Waves for long time ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,052
  • Edited 2:46pm Jun 30, 2010 2:02pm | Edited 2:46pm
Quoting Chantalb
Closed 1/2 at 50pips and moved to BE+spread

Any comments are welcome

Many many thanks to Sonic, Basber, Tah, DD, Mohammed and all the other traders who make this system great

One question, is my view of the L, H, HL, HH too wide or maybe even wrong altogether?

Regards,
Chantal
Hi Chantalb,

Basber is 'right on' in saying larger waves are more meaningful, just as any chart pattern is more meaningful the more it takes in (as in larger TFs).

In this case, by the time London was already open a while, the Dragon was angled up well and it was becoming apparent the asian session likely had put in the session low for the day. This made RgH a likely TP for the day.

The chart showed at that time that the Frankfurt traders moved PA up on rising trading levels. And that the London boys took it down, then up, then down again; also on good trading levels. The thing to note here was not only the H/L sequence (good job on your part), but also that the basing for all this activity was the area of the tops of the previous highs/waves (gray area). This activity (yellow area) was obvious consolidation.....just a fancy word for "We are building a position ahead of where we intent to drive it next, and we need suckers to take the opposite side of it!"

The outlook for all this activity basing in the gray area lowered the risk of making entry when PA crossed up thru the Dragon centerline (black line), but your entry was great, and you had a very bullish candle growing longer by the second as you entered. The SL was easy in this case; below all that basing and below the lower whole number as insurance. The TP was easy too, RgH, or better just below at the whole number.

Good trading, Chantalb!
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  • #13,053
  • Edited 2:37pm Jun 30, 2010 2:26pm | Edited 2:37pm
EU Watch:

Another way to look at it.....
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  • #13,054
  • Jun 30, 2010 9:26pm Jun 30, 2010 9:26pm
EU

Looks like something's brewing...
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  • #13,055
  • Jun 30, 2010 9:46pm Jun 30, 2010 9:46pm
hellio ,,, i am new to this thread ,,,,
does it really works,,,
could any one give me past results of his account or demo account ,, thanks
  • #13,056
  • Jun 30, 2010 10:54pm Jun 30, 2010 10:54pm
EU Watch:

Here are pivots for today. Also, as Cardinale pointed out above, note the increase in asian activity when they drove the price down. If this is indication of long position building at lows, then we might see the same in the eruo session, and possibly the US session.
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  • #13,057
  • Jun 30, 2010 11:00pm Jun 30, 2010 11:00pm
Quoting 3ammary1
hellio ,,, i am new to this thread ,,,,
does it really works,,,
could any one give me past results of his account or demo account ,, thanks
Welcome. If you want to know if this works, then.....

1. Follow the thread. Watch trades as they are posted.
2. Read the thread, starting at the beginning.
3. Give time for all this to be absorbed.
4. At some point, start trying it yourself.

Asking members to divulge account information is barking up the wrong tree, as they may also trade in other ways.

If you want to know yourself that it works, then read, follow, absorb, and engage it yourself. I don't mean to sound harsh, but really, that is the only way you'll ever come to know that it will work for you, too.
  • #13,058
  • Edited 1:17am Jul 1, 2010 12:31am | Edited 1:17am
EU Watch:

Here is a possible S&R early entry SonicR long trade setup being made. PA has been bouncing off the whole number and then up and out of the Dragon. I did not make entry because the Daily Pivot is just above, and represents a resistance area. Also, it is before London open. These traders may take it down for position building before any good run up.

So, the FR is applied to last L-to-H, and now one can only wait to see what kind of retrace is put to it to create another "HL".

It is referred to as "S&R early entry" because entry is made early, based on support of whole number below. Instead of waiting for PA to run above the previous high out of the Dragon, you can look how the PA retraces and maybe pick an entry near one of the retrace levels. If you miss that, then the standard SonicR long EP is still fine.

Edit: Made entry long during retrace. SL set below lowest "L" and TP set at FR 162% level. TP location is tentative, as it is below RgH. Could be that PA will be worked to some high, then pulled back, then driven up to range high area. That first high might be the FR 162% level, or maybe only the FR 100% level, which is also near mR1. Can't say what will happen, but maybe this trade will allow early exit, then a pull back for re-entry lower, then on to range high area later.
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  • #13,059
  • Jul 1, 2010 2:25am Jul 1, 2010 2:25am
Quoting traderathome
EU Watch:

Here are pivots for today. Also, as Cardinale pointed out above, note the increase in asian activity when they drove the price down. If this is indication of long position building at lows, then we might see the same in the eruo session, and possibly the US session.
Good morning Tah, thank you for your analysis on my chart yesterday and for the in-depth explanation.

I am still using pivots as well from time to time, however I am using the TZPivots 3.5 you recommended a few weeks ago. My broker is GMT+2 so the settings I used was Hrs ServerTzFromGMT 2 and Hrs ChoiceTzFrom GMT 0 for both the daily and the MonthlyWeekly to get the GMT Pivots as you had recommended I do. Ok you mentioned that your broker offset was GMT+3, when comparing my chart to yours I am not getting the same values... Are you using GMT Pivots or another setting? What is the Pivot indicator you are using, could you please share it? What is the ideal Pivots we should be using? Some say the ones of NY... I am confused

Or maybe my settings are off I don't know.
Here is my chart…
Thank you
Chantal

Note: Even when I change my settings to try and match yours in case you are using GMT Pivots I still dont get identical values as yours.
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  • #13,060
  • Jul 1, 2010 2:26am Jul 1, 2010 2:26am
EU Watch, Long Trade Update:

On the new second long trade (still have one running with avg. entry higher) I have set two TPs and adjusted SL lower, per attached chart.

If the euro traders spike the PA down, if it is a nice low then I might add to this one. H4 shows PA has returned again to the S&R, after it broke down thru it and then broke back up thru it; now re-testing it and the lows are of course higher.
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